A Christmas rush to get passports to leave Zimbabwe is fed by economic gloom and a price hike

HARARE, Zimbabwe — Atop many Christmas wish lists in economically troubled Zimbabwe is a travel document, and people are flooding the passport office this holiday season ahead of a price hike planned in the New Year. The desperation at the office in the capital city of Harare is palpable as some people fear the hike … Read more

Profit-taking, economic worries? Sudden stocks sell-off confounds analysts

Traders work on the floor of the New York Stock Exchange during morning trading on December 13, 2023 in New York City.  Michael M. Santiago | Getty Images After nine straight sessions of gains, Wall Street suddenly took a turn around an hour and a half before the closing bell on Wednesday, leading the S&P … Read more

U.S. Treasury yields: investors digest economic data

U.S. Treasury yields were little changed on Wednesday as investors assessed the state of the economy after the release of labor market data. The yield on the 10-year Treasury was less than 1 basis point higher at 4.174%. It had fallen below the 4.2% mark for the first time since early September on Tuesday. The … Read more

Gold prices at record highs amid economic, geopolitical uncertainty

Traffic_analyzer | Istock | Getty Images Gold prices notched a new record on Monday for a second day in a row — with spot prices touching $2,100 as the global rush for bullion appears set to continue. Gold prices are on course to hit fresh highs next year and could remain above $2,000 levels, analysts … Read more

U.S. Treasury yields: investors consider economic outlook

U.S. Treasury yields were slightly higher on Tuesday, as investors awaited the release of economic data that could provide hints about the economic outlook. The 2-year Treasury yield was up by about 3 basis points at 4.885%. The 10-year Treasury yield was 2 basis points higher at 4.4%. Yields and prices have an inverted relationship, … Read more

Argentina’s Milei doubles down on economic shock therapy

BUENOS AIRES (Reuters) – Argentina’s libertarian President-elect Javier Milei is sticking by his plans for economic “shock” therapy to fix the country’s myriad crises from triple-digit inflation to rising poverty and a dearth of foreign currency reserves. In an interview late on Tuesday, Milei said that his government, which will take office on Dec. 10, … Read more

S&P 500 to see small gain in 2024 as US economic risks rise: Reuters poll

By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 will end next year only about 3% higher than its current level, with a possible U.S. economic slowdown or recession among the biggest risks for the market in 2024, according to strategists in a Reuters poll released Tuesday. The benchmark index will finish next year … Read more

Why the U.S. Wants an ’Economic Framework’ With Asia But No ‘Trade Deal’

President Joe Biden is nurturing economic ties this week with Asia, but he’s not signing any trade deals at a regional summit in San Francisco. Read More: Biden Calls Xi a ‘Dictator’ Right After Praising Progress in Repairing U.S.-China Relationship This fact — no trade deals — reveals a lot about the status of U.S. … Read more

3 ways startups can improve survival odds in a tough economic landscape

Raj Sundaresan Contributor Raj Sundaresan is CEO of Altimetrik and a seasoned technology and business leader with extensive experience in cultivating successful product development teams around the globe. The entrepreneurial journey is rockier than ever in today’s economic landscape. Limited access to funding has forced many founders to scale back hiring plans and curb spending … Read more

China Premier Li seeks to bolster his country’s economic outlook at the Shanghai export fair

TAIPEI, Taiwan — TAIPEI, Taiwan (AP) — Chinese Premier Li Qiang on Sunday pledged to continue deepening reforms, expand free trade zones and relax market access for foreign investment while seeking to generate excitement around a largely lackluster economy. Li made the remarks when delivering a keynote speech at the opening of the 6th China … Read more